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1. What Chart Says, Today?
June 17, 2020
Bharat Pandya – info@fxprofitguru.com

2. Eye On Fundamentals

3. Headlines
• BOJ keeps interest rate unchanged at -0.10 pct.
• Australia HPI q/q stands at 1.6 pct vs 3.9 pct previous released (expected 2.5 pct).
• New Zealand Westpac consumer sentiment stands at 97.2 vs 104.2 previous released.
• New Zealand Government issued record figure of NZ bonds.
• More lockdown measures are applied in Beijing as corona virus threat grows.
• Geo political tension grows in Korean country as rival South Korea amid stalled nuclear
negotiations with the Trump administration.
• U.S. official allows 4 round – trip flights a week from Chinese airlines from 2 it had set
earlier this month.

4. Economic Data Ahead
• (0200 ET/0600 GMT) UK jobless data, previous 856.5K, expected 405.3K.
• (0200 ET/0600 GMT) UK unemployment rate, previous 3.9, expected 4.7.
• (0430 ET/0830 GMT) Hong Kong Unemployment rate, previous 5.2 pct.
• (0430 ET/0830 GMT) Russia PPI m/m, previous -7.2.
• (0500 ET/0900 GMT) German ZEW economic sentiment, previous 51.0,
expected 60.0.
• (0500 ET/0900 GMT) Euro Zone ZEW economic sentiment, previous 46.0,
expected 53.4.
• (0830 ET/1230 GMT) U.S. retail sales, core retail sales.

5. Economic Event Ahead
• (0300 ET/0700 GMT) BOJ Press Conference.
• (1000 ET/1400 GMT) Fed Chair Powell’s Testimony.

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for June 17, 2020
• This is a broader picture how things may move as per Charts.
• Traders are advised to have a close look on fundamental events
during the day.
• Due to High volatility, keep your SL & TP to manage RISK:REWARD
Ratio
• Trade Less…Trade On Perfect Levels….

8. XAUUSD (H1 Chart)

9. XAUUSD Day Forecasting
INDICATOR H1 CHART
TREND NEUTRAL TO DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1725.38
R1 1731.54 S1 1719.22
R2 1735.35 S2 1715.41
R3 1741.51 S3 1709.25
CONCLUSION
Buy Above 1731.15 Take Profit 1737.25 Stop Loss 1719.23
Sell Below 1719.23 Take Profit 1715.14 Stop Loss 1731.15

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 0.68991
R1 0.69538 S1 0.68444
R2 0.69875 S2 0.68107
R3 0.70422 S3 0.67560
CONCLUSION
Buy Above 0.69009 Take Profit 0.69311 Stop Loss 0.68453
Sell Below 0.68453 Take Profit 0.68116 Stop Loss 0.69009

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.12810
R1 1.13289 S1 1.12331
R2 1.13384 S2 1.12036
R3 1.14063 S3 1.11557
CONCLUSION
Buy Above 1.13269 Take Profit 1.13598 Stop Loss 1.12235
Sell Below 1.22235 Take Profit 1.11894 Stop Loss 1.13269

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.26034
R1 1.26549 S1 1.25519
R2 1.26867 S2 1.25201
R3 1.27382 S3 1.24686
CONCLUSION
Buy Above 1.26056 Take Profit 1.26512 Stop Loss 1.25221
Sell Below 1.25221 Take Profit 1.24778 Stop Loss 1.26056

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 1.35557
R1 1.36009 S1 1.35105
R2 1.36287 S2 1.34827
R3 1.36739 S3 1.34375
CONCLUSION
Buy Above 1.35800 Take Profit 1.36153 Stop Loss 1.35022
Sell Below 1.35022 Take Profit 1.34760 Stop Loss 1.35800

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND NEUTRAL TO DOWN TREND
Moving Average (Period=75) BELOW MA
RSI (Period=26) BELOW RSI LEVEL 50
FIBONACCI PIVOT 107.384
R1 107.547 S1 107.221
R2 107.649 S2 107.119
R3 107.812 S3 106.956
CONCLUSION
Buy Above 107.387 Take Profit 107.547 Stop Loss 107.082
Sell Below 107.082 Take Profit 106.947 Stop Loss 107.387